In recent years, researchers on transition economies have concluded that income inequality increased in the former socialist countries of eastern Europe and central Asia despite the liberalization of political and economic life. This judgment, however, places too much credence in the data reported by socialist planners and underestimates the cumulative effect of the myriad inequalities present under socialism.


Other Independent Review articles by David R. Henderson
    Summer 2018   Why We Fight
    Fall 2016   An Economist’s Case for a Noninterventionist Foreign Policy
    Winter 2016   The Economy in 2065
[View All (9)]